That is what the Fidelity trading specialist told me. (of course due to less shares available after R/S people tend to cover before)
But she also told me that short positions in general have to be covered within 3 days. Is that a fidelity policy, applies to all bigger brokers, or just not fully correct unless no shares are available after the settlement date...anyone???????
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.